MKW2841 E-business models and analysis Unit Guide Semester 2, 2015 Copyright © Monash University 2014. All rights reserved. Except as provided in the Copyright Act 1968, this work may not be reproduced in any form without the written permission of the host Faculty and School/Department. The information contained in this unit guide is correct at time of publication. The University has the right to change any of the elements contained in this document at any time. Last updated: 17 Jul 2015 Table of Contents MKW2841 E-business models and analysis - Semester 2, 2015...........................................................1 Mode of Delivery..............................................................................................................................1 Workload requirements....................................................................................................................1 Additional workload requirements........................................................................................1 Unit Relationships........................................................................................................................................1 Prerequisites....................................................................................................................................1 Prohibitions......................................................................................................................................1 Chief Examiner(s)........................................................................................................................................2 Campus Lecturer(s).....................................................................................................................................2 Malaysia...........................................................................................................................................2 Your feedback to Us....................................................................................................................................2 Previous Student Evaluations of this Unit....................................................................................................2 Academic Overview...................................................................................................................................3 Learning Outcomes.........................................................................................................................3 Unit Schedule.............................................................................................................................................4 Teaching Approach..........................................................................................................................5 Assessment Summary.....................................................................................................................5 Second marking...................................................................................................................5 Return of final marks............................................................................................................6 Assessment criteria..............................................................................................................6 Assessment Requirements......................................................................................................................7 Assessment Tasks...........................................................................................................................7 Participation.........................................................................................................................7 Assessment task 1...............................................................................................................7 Assessment task 2...............................................................................................................8 Assessment task 3.............................................................................................................11 Examination(s)...........................................................................................................................................11 Examination 1................................................................................................................................11 Learning resources....................................................................................................................................11 Feedback to you........................................................................................................................................11 Extensions and penalties...........................................................................................................................12 Assignment submission.............................................................................................................................12 Hard copy submission...................................................................................................................12 Online submission.........................................................................................................................12 Prescribed text(s) and readings.....................................................................................................12 Other Information....................................................................................................................................13 Policies..........................................................................................................................................13 Graduate Attributes Policy.................................................................................................13 Student Charter.........................................................................................................................................13 Student services........................................................................................................................................13 Monash University Library.........................................................................................................................13 Moodle 2....................................................................................................................................................14 Disability Liaison Unit................................................................................................................................14 MKW2841 E-business models and analysis - Semester 2, 2015 Includes concepts of analysing an e-business for viability using logical value chain assessment. Examines an e-business' value creation capacity, value delivery likelihood, and value capturing ability. Analysis of e-businesses in Australasia and around the world. Dissection of application of e-business principles, and specifically e-business models through an examination of how e-businesses are designed and interact with business partners, channel members and suppliers. Also covered are customer profitability analysis, cost of sales, customer valuation, online behaviour and purchase propensity assessment and use. Lecture and partially case discussion based. Mode of Delivery Malaysia (Day) Workload requirements Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement. See also Unit timetable information Additional workload requirements This is a 6 point unit, which means there expectation of an average time commitment of 12 hours per week. The total time commitment expected for this unit is 156 hours. In addition to the 36 hours of class contact you should plan to spend an additional 120 hours during the semester in study for this unit. This includes time spent in preparing for and completing assessment tasks, together with time spent in general study, revision, and examination preparation. Unit Relationships Prerequisites MKW1601 Prohibitions BEW2621 1 MKW2841 E-business models and analysis - Semester 2, 2015 Chief Examiner(s) Associate Professor Paul Yeow Campus Lecturer(s) Malaysia John Choong Your feedback to Us Monash is committed to excellence in education and regularly seeks feedback from students, employers and staff. One of the key formal ways students have to provide feedback is through the Student Evaluation of Teaching and Units (SETU) survey. The University’s student evaluation policy requires that every unit is evaluated each year. Students are strongly encouraged to complete the surveys. The feedback is anonymous and provides the Faculty with evidence of aspects that students are satisfied and areas for improvement. For more information on Monash’s educational strategy, see: www.monash.edu.au/about/monash-directions/ and on student evaluations, see: www.policy.monash.edu/policy-bank/academic/education/quality/student-evaluation-policy.html Previous Student Evaluations of this Unit Students' comments: "The best aspects of the unit would be to learn and explore the best of both world, the technological world and the business world. I've learnt a lot through the unit and the lecturer of amazingly inspirational when teaching. I was inspired during the class and it motivated me to learn more and become more involved in the class." Perfect 5 scores for Q5 "Overall I was satisfied with the quality of this unit" in S2 2014. No negative comments on this unit. The teaching material and method are maintained. If you wish to view how previous students rated this unit, please go to https://emuapps.monash.edu.au/unitevaluations/index.jsp 2 Academic Overview Learning Outcomes The learning goals associated with this unit are to: 1. comprehend, explain and analyse e-business models in the various parts of value chain including downstream (retailing), internal (intrabusiness) and upstream (supply chain and B2B e-procurement) 2. comprehend, explain and analyse the applications of e-business models in other areas including electronic government, mobile computing and pervasive technology, dynamic trading (e-auctions) and web 2.0 environment (social networks) 3. comprehend and explain the justifications of e-business investments and the use of e-business performance measures and metrics 4. comprehend and explain the development of e-business applications and infrastructure. 3 Unit Schedule Week Activities 0 Assessment No formal assessment or activities are undertaken in week 0 1 Introduction and revision of e-Business Models, EC Strategy and Business Plans (Chapter 1 and 12 EC 2012) or (Chapter 1 & 13 EC 2010) Continue revision of EC Strategy and Business Plans 2 Retailing in Electronic Commerce (Chapter 3 EC 2012) or (Chapter 3 EC 2010) Discussion on the conduct of tutorials, tutorial participation and expectations. Discussion on Assignment 3 B2B E Commerce (Chapter 4 EC 2012) or (Chapter 5 Assignment 1: Presentation 1 IKEA: EC 2010) Q1-5. Pages 175-176. (Based on EC 2012 book) 4 E-Supply Chains, Collaborative Commerce and Corporate Portals Chapter 4, 5 and 11 EC 2012) or (Chapter 6 EC 2010) Assignment 1: Presentation 2 IMarketKorea: Q1-5. Pages 226-227. (Based on EC 2012 book) 5 Innovative EC Systems: E-Government and E-Learning (Chapter 5 EC 2012) or (Chapter 7 EC 2010) Assignment 1: Presentation 3 How Wal-Mart uses EC in its Supply Chain: Q1, 2, 3 and Q5. Pages 331-333. (Based on EC 2010 book - As attached in Moodle) 6 Mobile Commerce (Chapter 6 EC 2012) or (Chapter 8 Assignment 1: Presentation 4 EC 2010) Freemiums in the Social Gaming World. Pages 576-577. Q1, 2, 3, 4. (Based on EC 2012 book) 7 Social Commerce (Chapter 7 EC 2012) or (Chapter 9 EC 2010) Assignment 1: Presentation 5 Wal-Mart turns to Mobile for Weather Alerts: Q1-Q3. Pages 421-422. (Based on EC 2010 book - As attached in Moodle) 8 Dynamic Trading: E-Auctions, Bartering and Negotiations (Chapter 17 2010 will be attached in Moodle) Assignment 1: Presentation 6 F-Commerce: Q1-8. Pages 417-421. (Based on EC 2012 book) 9 Justification of Electronic Commerce (Chapter 13 EC 2012) or (Chapter 14 EC 2010) Assignment 1: Presentation 7 Linkedin: The business-oriented social network: Q1-5. Pages 373-374. (Based on EC 2012 book) 10 Building E-Commerce Applications and Infrastructure (Chapter 18 2010 will be attached in Moodle) Assignment 1: Presentation 8 Groupon Pages 64-65, Q1, 2, 3, 4, 6. (Based on EC 2012 book) 11 Mini Conference (Presentation of Assignment 2) Mini Conference (Presentation of Assignment 2) 12 Mini Conference (Presentation of Assignment 2) Mini Conference (Presentation of Assignment 2) SWOT VAC No formal assessment is undertaken SWOT VAC Examination period LINK to Assessment Policy: http://policy.monash.edu.au/policy-bank/ academic/education/assessment/ 4 Unit Schedule assessment-in-coursework-policy.html Teaching Approach Lecture and tutorials or problem classes This is a second year marketing unit. It is an expectation of this unit that you have a deep understanding of the e-business concepts you have covered in the prerequisite units. The exam and assignments will be graded on the expectation that this fundamental material is integrated competently in your work. There will be a two hour lecture and a one hour tutorial each week. Tutorials will involve discussions of prescribed readings and sample exam questions. It is an expectation in this subject that journal readings are incorporated into all aspects of the unit assessment. The readings and the practice questions will be posted on MUSO. The subject will require at least nine hours per week in addition to the class contact hours in order to achieve a pass grade. Some of this time will be spent searching and browsing the Internet, in a student lab or in another location of the student’s choice. The teaching program will consist of lectures, class discussion/presentation, case study analysis, and individual case summaries as appropriate. Students should expect to spend time each week reading books, academic journal articles, newspapers and magazines, and in focused research on the Internet. Assessment Summary Within semester assessment: 50% Examination: 50% Assessment Task Value Due Date E-Business Models Case Studies During Tutorials 15% for report and presentation Week 3 to 12 E-Business Plan 25% for report and presentation Week 9 Lecture Class Tutorial Participation 10% Examination 1 50% To be advised Second marking Where an assessment task is given a fail grade by an examiner, that piece of work will be marked again by a second examiner who will independently evaluate the work, and consult with the first marker. No student will be awarded a fail grade for an assessment task or unit without a second examiner confirming the result. Note: Exceptions to this are individual pieces of assessment contributing 10% or less of the final mark, unless the total of such pieces exceeds 30% of the final mark. 5 Unit Schedule Return of final marks Faculty policy states that 'the final mark that a student receives for a unit will be determined by the Board of Examiners on the recommendation of the Chief Examiner taking into account all aspects of assessment'. The final mark for this unit will be released by the Board of Examiners on the date nominated in the Faculty Calendar. Student results will be accessible through the my.monash portal. Assessment criteria Assessment Criteria Grading Descriptors available at: http://www.policy.monash.edu/policy-bank/academic/education/assessment/ 6 Assessment Requirements Assessment Tasks Participation Lecture and tutorial participations will be allocated 10%. Details of the breakdown will be explained during Week 2 tutorial. • Assessment task 1 Title: E-Business Models Case Studies During Tutorials Due date: Week 3 to 12 Details of task: Group assignment An allocated group will be assigned randomly a case study. Write a summary of the case (500 words) and answer the questions (1500-2000 words). Include the relevant website contents and analysis of the case study in the summary report and answers. Submit them a day before you present, latest by 12 noon. (Failure to do so will result in zero marks given for the report portion). This will give time for your tutor to look through your answers before your presentation. Give a 30-minute presentation during tutorial (starting Week 3). The group who presents will take the leading role on that particular week’s tutorial activities. The group will decide on how the summary will be presented and the questions will be discussed. The group is responsible in making the tutorial session functional, stimulating, exciting, interesting, and enjoyable. A discussant group will contribute extensively to the tutorial discussion. If any important point or issue is missed out by the presenter or additional points needed to be covered, members of this group will step in. This group will be responsible in giving constructive feedback on the activities of the day. Report 10% (summary report – 2%, accuracy of answers 8% ) Presentation 5% (handling questions 2%, slides content and presentation style/clarity 3%) Maximum tutorial presentation time for allocated group: 30 minutes Maximum tutorial discussion time for discussant group: 5 minutes Maximum tutorial discussion time for other participants: 10 minutes Last 10-15 minutes: Feedback from tutor. Word limit: 7 Assessment Requirements • 2500-3000 Weighting/Value: 15% for report and presentation Presentation requirements: See details. Estimated return date: Hurdle requirements: There is a hurdle requirement in this unit. Students must attempt all pieces of assessment tasks and demonstrate a satisfactory level of achievement in each task with a view to receive a pass grade or any higher grade. Learning objectives assessed: 1, 2 and 3 Assessment task 2 Title: E-Business Plan Due date: Week 9 Lecture Class Details of task: Group assignment Introduction: You have just graduated from university but have decided to take on the entrepreneurship path and hope to start-up your own business. Together with a group of friends, you are working to design and propose an innovative e-business idea to pitch to fellow investors and get the necessary funding to help manifest your dream into reality. Your vision is to introduce an e-business products and/or services that can effectively address a gap in the market. Your e-business idea can incorporate the use of website, mobile technology, or both. To show innovativeness in your idea and invoke excitement in the target audience, you want your idea to incorporate at least one or more of the following elements – Web 2.0, crowdsourcing, co-creation, freemium, customisation, gamification, and clever integration of different technologies (such as augmented reality, RFID, QR Code, motion sensor, location awareness technology, social media technology, 3D visual technology, etc). As you brainstorm to design your e-business idea, you are looking at the various marketing domains and are considering the possibilities of establishing your e-business in one of the following markets – B2B, B2C, B2G, C2C, or C2B. Task: Develop an e-business plan. Read through the online tutorial on how to develop an e-business plan (refer to 8 Assessment Requirements http://wps.pearsoned.co.uk/ema_ge_turban_elec_comm_2012/217/55592/14231594.cw/index.html Write a report (about 3,000 – 4,000 words) to document your finding. The format of the report is given below. The report is due to be submitted on Week 9 lecture class. Present your findings using PowerPoint Slides during the Mini Conferences in Week 11 and 12. Each group will be given 20 minutes for presentation and 10 minutes for questions and answers. Assignment report 20% (see marks allocation below) Presentation 5% (handling questions 2%, slides content and presentation style/clarity 3%) Word limit: 4500 Weighting/Value: 25% for report and presentation Presentation requirements: See details. Estimated return date: About 3 weeks Hurdle requirements: There is a hurdle requirement in this unit. Students must attempt all pieces of assessment tasks and demonstrate a satisfactory level of achievement in each task with a view to receive a pass grade or any higher grade. Criteria for marking: Assignment 2: E-Business Plan (format and marks distribution – total 20%, 10 marks) Market Gap Identification and Problem Statement Mission Statement Business Goals Value Proposition Business Model(s)/Implementation(s) Target Market Analysis Competitor Analysis Opportunities and Threat Analysis, Competitive Advantage Environmental Challenges Analysis Total 5 marks 5 marks 5 marks 15 marks 20 marks 15 marks 10 marks 15 marks 10 marks 100 marks Business Description - Identify the industry within which your e-business will operate, analyse the market to identify the gap, and establish a problem statement which your e-business wants to address. (5 marks) - Draft a mission statement for your e-business. Include a paragraph or two that explains or justifies the mission statement. This mission statement may change slightly as you continue to develop your business idea, but it should also be complete and accurate enough to guide the formation of goals and the value proposition. (5 marks) - Write at least two to three goals for your business. Each goal should include both a 9 Assessment Requirements clear statement of purpose and a brief explanation. (5 marks) - Formulate and write the value proposition of your e-business. This should be a paragraph or two that clearly states the benefits your business will offer to customers and justifies why this is an important proposition for customers and in the marketplace. (15 marks) - Business Model(s)/ Implementation(s): Select one or two business model(s)/implementation (s) that accurately describe your proposed business activities. For each model/implementation, identify and describe it and include the value proposition (as above), the product and services, and the revenue model in your description. (20 marks) Market, Competitors and Ethical Analysis - Identify and briefly describe your one to three target markets for your e-business. Make sure your markets are scoped correctly—not too broad and not too narrow. Your description should include as many demographic, geographic, psychographic, culture and consumer characteristics as possible. (15 marks) - Identify one to three significant competitors. Critically analyse the websites, mobile applications (if available), and the e-business models of the identified competitors to ascertain their strengths and weaknesses. If your proposed e-business has no present competitors directly competing against you, then you should analyse what are considered to be the past practices prior to your e-business idea. (10 marks) - Use opportunities-and-threats approach, the competitive-strategies approach, or both, to identify at least one source of competitive advantage for your business. Write this up so a reader of your e-business plan will understand how you expect to use these to achieve commercial success. (15 marks) - Identify the possible any possible regulatory, ethical or social risks/challenges in your business model (s) (10 marks) Learning objectives assessed: 1, 2, and 4 Penalties for late lodgement: A penalty of 5 per cent of the mark allocated to this assessment task will be deducted for each working day that the assessment is late. Maximum deduction is 40 per cent. After that, the assignment will not be accepted. Assessment coversheet: Work submitted for assessment must be accompanied by a completed copy of the Assignment cover sheet which has been signed by the student. NO assignment will be accepted or marked if it is not accompanied by a signed Assignment cover sheet. In the case of a group assignment, each member of the group must complete, sign and attach to the assignment a separate copy of the Assignment cover sheet. Additional information: On paper. Electronic lodgement is not acceptable 10 Assessment Requirements • Assessment task 3 Title: Tutorial Participation Due date: Details of task: Details will be given during Week 2 tutorial. Weighting/Value: 10% Estimated return date: Examination(s) • Examination 1 Weighting: 50% Length: 2 hours Type (open/closed book): Closed book Hurdle requirements: There is a hurdle requirement in this unit. Students must attempt all pieces of assessment tasks and demonstrate a satisfactory level of achievement in each task with a view to receive a pass grade or any higher grade. The learning outcomes in this unit require students to demonstrate in the individual summative assessment task a comprehensive understanding of the topics covered in the unit. This is demonstrated by the requirement that the student must attain a mark of at least 50% in the final summative assessment task. The individual summative assessment task is the final exam. A student’s final mark is normally the sum of the marks obtained in all of the individual assessment items in the unit. Where a student fails the unit solely because of failure to satisfy the hurdle requirement a mark of 48 will be returned for the unit. Electronic devices allowed in the exam: Electronic devices are not allowed. Learning resources Monash Library Unit Reading List (if applicable to the unit) http://readinglists.lib.monash.edu/index.html Feedback to you Types of feedback you can expect to receive in this unit are: • Informal feedback on progress in labs/tutes • Graded assignments with comments 11 Assessment Requirements Extensions and penalties All applications for an extension of the time allocated to an assessment task must be made in writing to the Unit Leader. Approval, if granted, will be in writing and will be recorded on the Faculty Assignment cover sheet accompanying the assessment task by the responsible lecturer/tutor. A penalty of 5 per cent of the mark allocated to Assignment 2 task will be deducted for each working day that the assessment is late. Maximum deduction is 40 per cent. After that, the assignment will not be accepted. Assignment submission Hard copy submission On paper. Electronic lodgement is not acceptable. Online submission If Electronic Submission has been approved for your unit, please submit your work via the VLE site for this unit, which you can access via links in the my.monash portal. Prescribed text(s) and readings Turban, E., King, D., Lee, J., Liang, T.P. and Turban, D. (2012) Electronic Commerce 2012: A Managerial Perspective. 7th Global Edition. Pearson. Or Turban, E., King, D., Lee, J., Liang, T.P. and Turban, D. (2010) Electronic Commerce 2010 A Managerial Perspective. 6th Global Edition. Pearson. (Preferable) 12 Other Information Policies Monash has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and to provide advice on how they might uphold them. You can find Monash’s Education Policies at: www.policy.monash.edu.au/policy-bank/academic/education/index.html Key educational policies include: • Student Academic Integrity Policy and Student Academic Integrity: Managing Plagiarism and Collusion Procedures ; • Assessment in Coursework Programs; • Special Consideration; • Grading Scale; • Discipline: Student Policy; • Academic Calendar and Semesters; • Orientation and Transition; and • Academic and Administrative Complaints and Grievances Policy. Graduate Attributes Policy http://www.policy.monash.edu/policy-bank/academic/ education/management/monash-graduate-attributes-policy.html Student Charter www.opq.monash.edu.au/ep/student-charter/monash-university-student-charter.html Student services The University provides many different kinds of support services for you. Contact your tutor if you need advice and see the range of services available at http://www.monash.edu.au/students You can also access important information from the Faculty of Business and Economics current students page http://www.buseco.monash.edu.au/student/ Caulfield and Clayton students wishing to further develop English language skills in a fun group environment can join a Conversational English Program. You can access these programs at http://www.monash.edu/students/conversational-english/ Monash University Library The Monash University Library provides a range of services, resources and programs that enable you to save time and be more effective in your learning and research. Go to www.lib.monash.edu.au or the library tab in my.monash portal for more information. 13 Other Information Moodle 2 All unit and lecture materials, plus other information of importance to students, are available through the virtual learning environment Moodle site. You can access Moodle via the my.monash portal. Where to go for help If you're stuck, confused or simply not sure how to approach Moodle, there are a number of Moodle resources that you can tap into. Disability Liaison Unit Students who have a disability or medical condition are welcome to contact the Disability Liaison Unit to discuss academic support services. Disability Liaison Officers (DLOs) visit all Victorian campuses on a regular basis. • Website: http://www.monash.edu/equity-diversity/disability/index.html • Telephone: 03 9905 5704 to book an appointment with a DLO; • Email: dlu@monash.edu • Drop In: Equity and Diversity Centre, Level 1, Building 55, Clayton Campus. Text book used: Turban, E., King, D., Lee, J., Liang, T.P. and Turban, D. (2012) Electronic Commerce 2012: A Managerial Perspective. 7th Global Edition. Pearson. Or Turban, E., King, D., Lee, J., Liang, T.P. and Turban, D. (2010) Electronic Commerce 2010 A Managerial Perspective. 6th Global Edition. Pearson. 14